CIBC's Environmental Performance Indicators

	Indicator	Most recent year’s coverage	2004	2005	2006	2007	Performance
Energy	Electricity (MWh)	1,015 branches and 5 owned office buildings across Canada	159,000	168,246	165,504	164,597	3.5% increase
	Natural gas (Cubic metres)	719 branches and 3 owned office buildings across Canada	5,967,000	5,271,508	4,725,231	5,408,600	9.4% reduction
	Fuel oil (Litres)	65 branches and 1 owned office building across Canada	435,000	433,059	379,539	354,115	18.6% reduction
	Total energy (GJ)		810,094	818,696	786,414	807,608	0.3% reduction
Water	Water consumption(Litres[000])	558 branches and 5 owned office buildings across Canada	350,296	285,605	302,914	383,524	9.5% increase
Greenhouse Gas	Direct carbon dioxide produced from combustion of fuels (Tonnes)	See Natural gas and Fuel oil above.	12,884	11,534	10,312	11,553	10.3% reduction
	Indirect carbon dioxide produced from employee business travel2 (Tonnes)	Air, rail and car rentals, company-wide.	17,970	18,557	16,147	16,835	6.3% reduction
	Indirect carbon dioxide produced from electricity purchases (Tonnes)	See Electricity above	45,546	45,225	44,987	45,161	0.8% reduction
	Total CO₂ (Tonnes)		76,399	75,316	71,446	73,549	3.7% reduction
Recycling	Office recycling1 (Tonnes)	Company shredding contract across the branch network and corporate offices throughout North America.	1,999	7,300	8,363	9,705	385.5% increase
Reuse	Office furniture (Pieces)	Company-wide	N/A	6,456	5,376	7,028	8.9% increase
Reuse	Computer equipment (CPUs, printers, monitors) (Pieces)	Company-wide	13,189	7,000	2,572	11,027	16.4% reduction
Waste Generation	Solid waste generation (Tonnes)	50 CIBC branch locations across Canada, over a 1-week period. Results extrapolated annually across branch network.	2,075	1,400	1,182	1,105	46.7% reduction
Business Travel	Employee business travel - air (Kms [000,000])	Company-wide	96.2	98.7	85.4	88.7	7.8% reduction
	Employee business travel - rail (Kms [000])		523	666	722	758	45.0% increase
	Employee business travel - car rental (Kms [000])		2,769	3,324	3,195	3,606	30.2% increase
	Total employee business travel (Kms [000,000])		99.4	102.6	89.3	93.0	6.4% reduction
Paper Purchases	Office paper purchases (Tonnes)	Canadian paper sales only from CIBC preferred vendor.	2,235	2,233	1,780	1,750	21.7% reduction
Green Power Purchases	Green Power Purchases (MWh)	Company-wide	2,000	2,000	2,000	2,106	5.3% increase
Environmental Credit Risk	Transactions referred to CIBC Environmental Risk Management for specialized environmental credit review (Credit transactions)	Company-wide	260	272	320	369	41.9% increase

* Apart from environmental risk assessment data, all metrics contained in this report have been provided by third-party service providers/suppliers, and are based upon best available data.

1 Numbers have been restated to reflect adjustment in supplier’s methodology.

2 All values for direct and indirect CO2 emissions are based on the GHG Protocol Initiative. For CO2 emissions from purchased electricity, Environment Canada’s National Inventory Report 1990-2005 has also been used to calculate Provincial greenhouse gas emissions conversion factors. As a result, 2005 and 2006 data has been restated accordingly.

Audit/Verification

CIBC has adopted an informal system for verifying the completeness and accuracy of our data. Figures from our utilities are based on thousands of invoices processed for payment from various utility vendors, managed by our service providers. As part of our service level agreement, our service providers are required to sign a statement of verification each year.

Members of the CIBC Environmental Risk Management group independently verify the environmental performance figures and conversions applied in order to ensure data integrity. Further, as per our corporate reporting processes, environmental information, including data and backup material, are also reviewed by CIBC Corporate Communications prior to public reporting. In addition, our Legal Division reviews environmentally-related public relations materials.

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